Is Canton, MN 55922 a buyer’s or seller’s market?
Canton is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Canton housing market right now
In the three months ending August 31, 2026, 0% of homes in Canton, MN 55922 sold above their list price, the typical home went under contract in 3 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (71 days then) and the median sale price rose 40% to $384,734. Overall, Canton is more competitive than a year ago, so tougher for buyers.
Within Fillmore County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.
Nearby, Fountain 55935 (60% sold over asking) and Peterson 55962 (50% sold over asking) are even more competitive.
Run the numbers for 55922
Nearby markets
Chatfield 55923Buyer’s market $147 /sq ftFountain 55935Seller’s market $153 /sq ftHarmony 55939Seller’s market $120 /sq ftLanesboro 55949Balanced $161 /sq ft Browse all markets →Where Canton is
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Questions about Canton real estate
Is Canton a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Canton, MN 55922 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Canton?
The typical home went under contract in 3 days in the latest three months.
Do homes in Canton sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 98.7% of the list price.
What are property taxes in Canton?
About 0.94% of a home’s value a year in Fillmore County, or roughly $3,760 on a $400,000 home.
What is the median home price in Canton?
The median sale price was $384,734 in the three months ending August 31, 2026, about $269 per square foot.
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More tools for 55922
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology